Examples of Series C Preferred Majority in a sentence
The Tax Matters Member shall not settle or compromise any such audit or proceeding without the prior express written consent of the Series C Preferred Majority (not to be unreasonably withheld, conditioned or delayed).
The Corporation shall give thirty (30) days prior Written Notice to all Holders of any transaction described in this Section 7 for which consent of the Series C Preferred Majority is required; provided that any such thirty (30) day period may be shortened or waived upon the written consent of the Series C Preferred Majority.
The Corporation shall give ten (10) days prior Written Notice of any transaction described in this Section 7 for which consent of the Series C Preferred Majority is required; provided that any such ten (10) day period may be shortened or waived upon the written consent of the Series C Preferred Majority.
Unless otherwise determined by a Series C Preferred Majority, Unvested Options shall not vest and become exercisable on an IPO but shall continue to vest in accordance with any Vesting conditions specified by the Board under Rule 5.8 and set out in the Vesting Schedule and may be exercised in accordance with the Rules.
Unless otherwise determinedby a Series C Preferred Majority, Unvested Options shall not vest and become exercisable on an IPO but shall continue to vest in accordance with any Vesting conditions specified by the Board under Rule 5.8 and set out in the Vesting Schedule and may be exercised in accordance with the Rules.
Unless otherwise waived in accordance with the provisions of this Certificate, the Corporation shall not, without the written consent of a Series C Preferred Majority, authorize or issue any shares of capital stock of the Corporation which would be senior or superior to or rank on parity with the Series C Convertible Preferred Stock as to liquidation preferences, or create any obligation or security convertible into or exercisable or exchangeable for, or having rights to purchase, any such capital stock.
Except to the extent otherwise provided in this Certificate or required by the DGCL, the Series C Preferred Majority may, via affirmative vote or written consent in lieu thereof, consent to any amendment of this Certificate, which amendment may alter, amend or otherwise waive any rights of the holders of the Series C Convertible Preferred Stock set forth in this Certificate.
Such conversion is referred to as a “Special Mandatory Conversion.” Notwithstanding anything to the contrary herein or in the Purchase Agreement, the Series C Preferred Majority may elect, by written notice sent to the Company at least five (5) business days prior to the consummation of the Second Tranche Closing (as defined in the Purchase Agreement), that this Section B12 shall not apply to such closing.
Except to the extent otherwise provided in this Certificate or required by the DGCL, the Series C Preferred Majority may, via affirmative vote or written consent in lieu thereof, waive any rights of the holders of the Series C Convertible Preferred Stock set forth in this Certificate.
The failure of a Series C Preferred Majority to object in writing to the Corporation to such action within twenty (20) days of the date of such notice shall constitute the written consent of such action by a Series C Preferred Majority under this Section 7.